What is Gross Payment Status CIS?
Under the Construction Industry Scheme there are essentially 3 payment statuses. A payment status dictates how a subcontractor is paid;
Read more
Covid-19: Lockdown II Update
It is almost certain as a reader of this blog you will have made some further changes to your daily routine as we head into our second national lock-down which is scheduled to end 2nd December – although this may be extended dependent on the situation at the time. Pubs, restaurants, gyms, non-essential shops and places…
Bounce Back Loan Scheme Extended
The Bounce Back Loan Scheme (BBLS) has been extended to 31st January 2021 which is welcome news.
Covid19: Tax Hikes and what you should do?
Tax – Tax has a long history in the UK, going back to the 13th century. Income tax was the first tax levied on people’s earnings in 1799.
Accounting for VAT under the ‘Eat Out to Help Out’ Scheme
The Eat Out to Help Out scheme starts from 3rd August with a view to revive the struggling leisure and hospitality industry amid covid-19.
What is a car allowance?
You’ve probably heard of the company car and some its associated tax issues. However, you may not have of a car allowance.
SEISS Grant – Remember, it is taxable!
Read this blog post to find out more information on the self-employed income support scheme (SEISS).
Stress Testing and Scenario Analysis
The global pandemic has ensured we will never forget 2020! Of particular importance to business is to revisit your strategic plan.